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Bank of Baroda, India’s International Bank

Middle East


Deposit Products & Services

RECURRING DEPOSIT

  • Scheme defined in AED
  • # Minimum installment amount: AED 500/- in multiples of AED 100/-
  • Deposit tenure: 1yr / 2 yrs / 3 yrs
  • Interest: * 1 yr - 2.00% / 2 yrs - 2.50% / 3 yrs - 3.00% p.a.
  • Penalty for delayed payment: AED 1/-. for every AED 100/-
  • Interest on premature payment: 1% below the applocable rate for the period run
  • No interest if prematurely closed before 1 year
  • *Terms: Rates are subject to change from time to time